Inform
PetroChina begins asset divestment
This report is currently unavailable
Report summary
PetroChina announced a series of asset sales and internal mergers, including the sale of its 50% stake in the Trans-Asia Gas Pipeline Co. to Mansong Holdings, a subsidiary of China Reform Holdings Corp., the integration of its two natural gas transmission businesses Kunlun Gas Company and Kunlun Energy Company, and a transfer of 6 natural gas storage facilities to its parent company CNPC. When completed, these moves will generate around US$3 billion in sale proceeds to PetroChina, increasing cash flow and providing a one-off boost to profits at a time of low oil prices.
Table of contents
- PetroChina begins asset divestment
Tables and charts
This report includes 1 images and tables including:
- Kunlun Energy Company Revenue (2014)
What's included
This report contains:
Other reports you may be interested in
09 May 2018
CNPC corporate report
Company Report
CNPC corporate report
CNPC-PetroChina: China's national energy champion. Recent strategic actions support a return to international business development
$5,40026 October 2018
Eni corporate - reported results analysis
Company Report
Eni corporate - reported results analysis
Upstream continued to underpin Eni's strong cash flow growth and improving financial strength.
$1,05003 August 2018
China upstream summary
Country Report
China upstream summary
China is the largest oil and gas producer in Asia Pacific, producing more than 3.5 million b/d of liquids and 10 bcfd of sales gas. The ...
$9,450
